Recent Blog Posts
SEC Awards a Collective $24 Million in Compensation to Two Whistleblowers
On August 26th, 2024, the Securities and Exchange Commission (SEC) announced that two whistleblowers have been awarded a collective $24 million in financial compensation. One whistleblower received $20 million and the other whistleblower received $4 million. The SEC granted one whistleblower a larger award based on the importance of their information. Here, our SEC… Read More »
SEC Charges Atlanta-Based Financial Advisor With a $300 Million Ponzi Scheme, Florida Investors Were Impacted
On August 14th, 2024, the Securities and Exchange Commission (SEC) announced investment fraud charges against an Atlanta-based financial advisor. Russell Todd Burkhalter stands accused of operating a $300 million Ponzi scheme. The SEC notes that approximately 2,000 investors were affected, including many investors from Florida. Here, our Miami Ponzi scheme attorney provides a more… Read More »
SEC Brings Charges in $650 Million Cryptocurrency Fraud Case in Florida
On August 12th, 2024, the Securities and Exchange Commission (SEC) charged NovaTech and its principals as part of a cryptocurrency fraud case in a federal court in Florida. Cynthia Petion and Eddy Petion stand accused of defrauding many investors in Florida and throughout the United States. Six more defendants associated with the company—James Corbett,… Read More »
SEC Charges Florida Resident With Insider Trading
On July 30th, 2024, the Securities and Exchange Commission (SEC) confirmed that a Florida resident has been charged with insider trading. In a complaint brought in the United States District Court for the Southern District of Florida, the SEC alleges that Charles Baugh—a man from Palm Beach County—knowingly violated anti-fraud provisions of the federal… Read More »
Two Sales Agents in Florida Charged By SEC for Role in $110 Million Ponzi Scheme
On July 19th, 2024, the Securities and Exchange Commission (SEC) confirmed that two sales agents have been charged with fraud in connection with a $110 million Ponzi scheme case. Ricardi Celicourt and Brisly Guillaume are facing charges for violations of federal securities law. Here, our Miami Ponzi scheme lawyer provides a more comprehensive overview… Read More »
Nearly $40 Million Awarded to a Whistleblower By the SEC
On July 17th, 2024, the Securities and Exchange Commission (SEC) announced that nearly $40 million in financial compensation had been awarded to a whistleblower. According to the agency, the individual provided new information and cooperated with investigators—leading to successful enforcement action. Here, our Miami SEC whistleblower lawyer discusses the award in more detail. Whistleblower… Read More »
Miami Broker Fined, Suspended for FINRA Violations
Ariel A. Rivero (CRD #4236679) is a previously registered investment adviser (RIA) and securities broker. From May of 2016 to January of 2022, Mr. Rivero was a representative of Jefferies LLC in Miami. Subsequently, he was associated with Insigneo Securities LLC in Coral Gables. In May of 2024, the Financial Industry Regulatory Authority (FINRA)… Read More »
Florida Broker Suspended for Two Months for FINRA Violations
Nathaniel Walter Adams (CRD#: 5703267) is a previously registered investment adviser (RIA) and previously licensed securities broker. From 2016 to 2022, Mr. Adams was a representative of Infinex Investments in Lakes Wales. For three months in 2022, he worked at LPL Financial, LLC. Finally, from November of 2022 to May of 2023, Mr. Adams… Read More »
SEC Takes Enforcement Action Against South Florida Company
On June 24th, 2024, the Securities and Exchange Commission (SEC) announced enforcement action against a South Florida investment entity. In the case of BorrowMoney.com, Inc. and Aldo Piscitello, the SEC alleges fraud on the part of the company and its sole officer and majority shareholder. In this blog post, our Miami securities fraud attorney… Read More »
FINRA Complaint: Florida Broker Charged With Unsuitable Investment Recommendations
Michael Charles Grande (CRD No. 1219255) is a previously registered securities broker. From November of 2005 to May of 2022, Mr. Grande was a registered representative of Newbridge Securities Corporation in Fort Lauderdale, Florida. FINRA has filed a complaint against his financial advisor (Disciplinary Proceeding No. 2018060128401). The agency contends that Mr. Grande failed… Read More »
